Power tariff remains unchanged in UP for 2023-24 | Lucknow News – Times of India

LUCKNOW: In a big relief to electricity consumers, the UP Electricity Regulatory Commission (UPERC) has kept the power tariff unchanged for 2023-24.
This would be the fifth year in a row that the power tariff in UP has not been increased – the last revision was done in 2018-19. The development also assumes much significance in the run-up to the Lok Sabha polls due next year.
The power consumers, essentially in the urban areas, would thus continue to pay their electricity bills as per the earlier slabs. The electricity regulator which held separate public hearings in all distribution companies junked the proposal put forth by the UP Power Corporation Limited (UPPCL) suggesting a hike between 18% to 23%.
Announcing the tariff, UPERC chairman, RP Singh and commission members BK Srivastava and Sanjay Kumar Singh said that the tariff was not increased because the expenditure suggested by the UPPCL was “not prudent”.
The UPPCL had proposed a revenue requirement of Rs 92,564 crore for 2023-24. The commission however approved Rs 86,579 crore. A senior official in the UPERC said that there was no justification for increasing the tariff since the UPPCL was not able to justify any rise in expense.

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